West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-01J - Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes
Section 110-1J-9 - Annual property returns

Universal Citation: 110 WV Code of State Rules 110-1J-9

Current through Register Vol. XLI, No. 38, September 20, 2024

9.1. On or before August 1 of each year, as required by §11-6K-1 of this Code, the producer shall file the West Virginia Oil and Gas Producer/Operator Return with the State Tax Commissioner, with acknowledgement to the county assessors in the counties where the oil and natural gas property is located. This Return form shall be designed by the State Tax Commissioner so that information pertinent to the valuation of the producing property, and the plugged and abandoned well property shall be reported properly by the producer of oil or gas or both.

9.1.1. Producers shall annually report on a form prescribed by the Tax Commissioner the following information, by well:
9.1.1.a. The identity of the well;

9.1.1.b. The number of MCFs of gas produced;

9.1.1.c. The number of barrels of oil produced;

9.1.1.d. The MCFs of NGLs, including breakdown of type;

9.1.1.e. The amount of gross revenue received;

9.1.1.f. The amount of net revenue received; and

9.1.1.g. The amount of royalties paid.

9.1.2. Actual annual operating costs claimed must be supported by schedules and statements of cost by the producer and will be subject to review and audit, and possible assessment or refund as a result of such audit, by the Tax Department.

9.1.3. The producer must also produce any records or documents that the Commissioner may require proving or verifying the gross proceeds or actual annual operating costs claimed by the producer, including but not limited to:
9.1.3.a. Invoices and receipts;

9.1.3.b. The United States Department of Interior, Office of Natural Resources Revenue (ONRR) form ONRR-2014, or the pro forma form ONRR-2014; and

9.1.3.c. Contracts and Agreements related to costs claimed or gross proceeds received.

9.2. When a producer or operator files annual property tax returns for twenty-five (25) or more wells, the returns and other documents required by this rule shall be filed electronically. A producer or operator that files less than twenty-five (25) annual property tax returns may file the returns electronically.

9.3. Format requirements for electronic filing. -- The requirements and formats for electronic filing are listed in instructions for electronic filing of the form. These formats are available on the State Tax Department's webpage.

Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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